Vanguard Personalized Indexing Management LLC Has $3.66 Million Holdings in Evergy Inc. $EVRG

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 53,063 shares of the company’s stock after buying an additional 2,841 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Evergy were worth $3,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of EVRG. Nuveen LLC bought a new stake in shares of Evergy during the first quarter valued at approximately $212,132,000. Maple Brown Abbott Ltd bought a new stake in shares of Evergy during the first quarter valued at approximately $63,444,000. Truist Financial Corp increased its position in shares of Evergy by 2,959.7% during the second quarter. Truist Financial Corp now owns 534,558 shares of the company’s stock valued at $36,847,000 after purchasing an additional 517,087 shares during the period. Northern Trust Corp increased its position in shares of Evergy by 16.7% during the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after purchasing an additional 392,361 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Evergy by 27.7% during the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock valued at $101,715,000 after purchasing an additional 321,406 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Evergy stock opened at $78.09 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The firm has a market cap of $17.97 billion, a P/E ratio of 21.45, a P/E/G ratio of 3.59 and a beta of 0.57. The business’s fifty day moving average is $73.30 and its two-hundred day moving average is $69.73. Evergy Inc. has a 52 week low of $59.23 and a 52 week high of $78.56.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business’s revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities research analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.4%. Evergy’s payout ratio is currently 73.35%.

Insider Buying and Selling

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the transaction, the senior vice president owned 499 shares of the company’s stock, valued at approximately $36,092.67. The trade was a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on EVRG shares. Jefferies Financial Group boosted their price objective on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Barclays restated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research report on Wednesday, October 8th. Finally, Mizuho upped their price target on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat, Evergy has a consensus rating of “Buy” and an average price target of $76.94.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.